Investors interested in Mining - Gold stocks are likely familiar with Centerra Gold Inc. (CGAU) and Agnico Eagle Mines (AEM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with ...

Shares of Centerra Gold Inc. (CGAU) have gained 2.8% over the past four weeks to close the last trading session at $6.88, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $8.76 indicates a potential upside of 27.3%.The average comprises 11 short-term price targets ranging from a low of $6.50 to a high of $11, with a standard deviation of $1.19. While the lowest estimate indicates ...

Investors with an interest in Mining - Gold stocks have likely encountered both Centerra Gold Inc. (CGAU) and Franco-Nevada (FNV) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight s ...

Investors might want to bet on Centerra Gold Inc. (CGAU) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indiv ...

Management's Discussion and Analysis For the Three Months Ended March 31, 2025 and 2024 This Management's Discussion and Analysis ("MD&A") has been prepared as of May 5, 2025 and is intended to provide a review of the financial position and results of operations of Centerra Gold Inc. ("Centerra" or the "Company") for the three months ended March 31, 2025 in comparison with the corresponding period ended March 31, 2024. This discussion should be read in conjunction with the Company's unaudited condensed cons ...

Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].

Group 1 - The article introduces Centerra Gold (NYSE: CGAU) as the first metals producer added to a value portfolio, highlighting its operations in gold, copper, and molybdenum production and refining across Canada, the US, and Turkey [1] Group 2 - The author has a beneficial long position in CGAU shares, indicating a personal investment interest in the company [3]

Core Viewpoint - Centerra Gold Inc. has filed its 2024 annual report with the U.S. Securities and Exchange Commission, which includes the annual information form, audited financial statements, and management's discussion and analysis [1][2] Group 1: Regulatory Filings - The 2024 annual information form, audited financial statements, and management's discussion and analysis have also been filed with Canadian securities regulatory authorities and are accessible through SEDAR+ [2] - The filings are available on the company's website, and hard copies of the annual audited financial statements can be requested by shareholders at no charge [2] Group 2: Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3] - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye, and also owns the Kemess Project in British Columbia and the Goldfield Project in Nevada [3] - Centerra's shares are traded on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU [3]

Company Leadership Changes - Centerra Gold Inc. has appointed David Hendriks as Executive Vice President and Chief Operating Officer, effective April 15, 2025, following the departure of Paul Chawrun on March 31, 2025 [1][2] - Paul Tomory, President and CEO, acknowledged Paul Chawrun's significant contributions since joining in 2022, particularly in delivering safe operating results and leading the Mount Milligan site optimization program [2] Executive Profile - David Hendriks brings over 30 years of mining industry experience, having held leadership roles at Calibre Mining and Kinross Gold, and most recently served as Senior Vice President of Nicaraguan Operations at Calibre Mining [2] - Hendriks has a strong background in overseeing multi-site operations, driving production growth, and advancing sustainability initiatives [2] Company Overview - Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring gold and copper properties in North America, Türkiye, and other global markets [3] - The company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye, and also owns the Kemess Project in British Columbia and the Goldfield Project in Nevada [3]

Financial Data and Key Metrics Changes - In Q4 2024, Centerra Gold produced over 73,000 ounces of gold and 12.8 million pounds of copper, generating strong free cash flow and increasing cash balance to $625 million [9][10] - Adjusted net earnings for Q4 were $37 million or $0.17 per share, with consolidated all-in sustaining costs at $1,296 per ounce [32][33] - Full year 2024 all-in sustaining costs were $1,148 per ounce, in line with guidance [33] Business Line Data and Key Metrics Changes - Mount Milligan produced almost 38,000 ounces of payable gold and 12.8 million pounds of payable copper in Q4, with full year production below guidance due to lower grades [20][21] - Öksüt produced over 35,000 ounces in Q4 and over 200,000 ounces for the full year, with all-in sustaining costs at $1,327 per ounce in Q4 [26][27] - Thompson Creek's restart activities are on track, with detailed engineering work initiated and a target for first production in the second half of 2027 [30] Market Data and Key Metrics Changes - The average realized price for gold was $2,207 per ounce and for copper was $2.88 per pound in Q4 [32] - Molybdenum sales in Q4 were approximately 2.9 million pounds at an average realized price of $22.67 per pound [32] Company Strategy and Development Direction - The company is focused on maximizing asset value, particularly through Mount Milligan and Kemess, with plans for a pre-feasibility study for Mount Milligan [12][13] - Centerra is committed to responsible mining and sustainability initiatives, including greenhouse gas reduction strategies [17][18] - The company is exploring strategic options for Goldfield, which is currently on hold due to insufficient resource size [11][82] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future of Mount Milligan and Kemess, highlighting the potential for increased reserves and production [13][14] - The company remains disciplined in capital allocation, prioritizing investments in gold growth while maintaining dividends and share buybacks [52][36] - Management noted that the permitting process for critical mineral projects is being streamlined, which is encouraging for future operations [17] Other Important Information - Centerra's cash balance at the end of the year was $625 million, providing total liquidity of over $1 billion [37] - The company plans to spend $35 million to $45 million on exploration in 2025, focusing on both Brownfield and Greenfield programs [40] Q&A Session Summary Question: Future growth in gold and potential M&A - Management confirmed that gold remains the primary focus and they are looking to unlock value within existing assets before considering M&A opportunities [45][46] Question: Capital return strategy amid rising gold prices - Management stated they are committed to share buybacks and dividends while prioritizing capital allocation towards gold growth projects [50][52] Question: Gold recoveries at Mount Milligan - Management acknowledged lower recoveries in Q4 but indicated improvements are expected as they optimize mining strategies [54][56] Question: Impact of tariffs on Milligan costs - Management expressed confidence that tariffs would not significantly impact costs, as most suppliers are Canadian [60][62] Question: Reserve and resource update at Mount Milligan - Management explained that the increase in grade was due to tighter domain modeling, which resulted in lower ore amounts but higher grades [66][70] Question: Strategy for Goldfield and potential sale - Management indicated Goldfield is on hold for now, but they are open to strategic options such as a sale or joint venture [82] Question: Update on molybdenum operations - Management expressed confidence in the molybdenum business and indicated openness to strategic partnerships if they meet valuation requirements [86] Question: Potential for extending Öksüt's reserve life - Management noted limited exploration potential at Öksüt but acknowledged the possibility of residual leaching from stockpiled inventory [88] Question: Opportunities for additional ounces at Öksüt - Management clarified that while there are no significant opportunities for reclassifying waste as ore, they continuously evaluate operational efficiencies [96][97]